RSM India

CENTRAL EXCISE DUTY ON ARTICLES OF JEWELLERY; Silver jewellery ; Studded with diamonds; Ruby ; Emerald or Sapphire; Duty on first clearances up to Rs. 6 Crores; SSI exemption

Newsflash – Central Excise Duty on Articles of Jewellery - Certain key aspects of the Finance Bill, 2016

28 March 2016
Through its Finance Budget, 2016, the Government of India has re-introduced Excise Duty on articles of jewellery with effect from 1 March 2016. This newsflash attempts to summarise some of the significant implications, on account of the said levy on the manufacture and sale of Jewellery.